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EUREN forecasts for New Members States (Eastern Europe) in 2012-2013

Slowdown in New Member States : Growth will remain moderate - Euren News, N.2013/3, juin 2012

15/06/2012

The Euren group expects that the deceleration of growth in the New Member States will get stronger in 2012 than forecasted before. The expected slowdown in the Euro area will affect the region via both trade and financial channels.

Summary of Euren forecasts : GDP (year on year in %)

The Euren group expects that the deceleration of growth in the New Member States will get stronger in 2012 than forecasted. The more negative outlook is supported by the recent sentiment indicators which mostly were showed a downward trend.

On a regional average, GDP growth in 2012 is supposed to reach 1.6%, slightly improving to 2.2% in 2013. The expected slowdown in the Euro area will affect the region via both trade and financial channels.

See also the editorial : Channels of European debt crisis contagion, lingering risks and inherent challenges